Aon appoints CEO Case as president in leadership reshuffle

NEW YORK - Aon plc (NYSE: AON), a global professional services firm with a market capitalization of $86.14 billion, announced that CEO Greg Case will take on additional responsibilities as president following Eric Andersen’s transition to a senior advisory role. Andersen, who joined the company through the acquisition of Minet in 1997, will continue to advise Case through June 2026. According to InvestingPro data, Aon has demonstrated strong financial performance with revenue growth of 17.36% over the last twelve months.

During his tenure, Andersen was instrumental in advancing Aon’s Aon United strategy, which has been central to the company’s growth and operational success. His efforts have been particularly notable in the integration of Aon’s Risk Capital and Human Capital services, as well as the implementation of the firm’s 3x3 Plan designed to enhance client service. The company’s strategic initiatives have contributed to its strong market position, with InvestingPro analysis showing a consistent dividend payment track record of 46 consecutive years and 13 years of consecutive dividend increases.

Greg Case praised Andersen’s dedication to the firm’s values and his role in strengthening Aon’s market position. "Eric has exemplified what it means to be Aon United – putting our clients first, championing innovation and addressing some of the greatest risks facing business and society," Case remarked.

Andersen expressed his gratitude for his nearly three-decade-long career at Aon and confidence in the firm’s future. "It’s been a privilege to be a part of such an exciting journey at Aon. With the firm’s 3x3 Plan and a strong executive team in place, alongside the successful integration of NFP, now is the right time to move into an advisory role," he stated.

Further details about the transition will be disclosed in Aon’s Current Report on Form 8-K, which is expected to be filed today with the U.S. Securities and Exchange Commission and will be accessible on Aon’s investor relations website.

Aon, headquartered in London, operates in over 120 countries, providing a range of services including risk management, insurance brokerage, and human resources consulting and outsourcing services. The company aims to empower economic and human possibility for its clients by delivering innovative and effective risk and people solutions. Currently trading near its 52-week high of $412.97, Aon maintains a robust financial health score of "GOOD" according to InvestingPro metrics, which offers comprehensive analysis and additional insights through its Pro Research Report, available for over 1,400 US stocks.

This leadership change is based on a press release statement from Aon plc.

In other recent news, Aon plc has made significant announcements and seen varied analyst reactions following its fourth-quarter earnings report. The company revealed an executive transition with Michael Neller moving from his role as Chief Accounting Officer and Global Controller to become Deputy Global Chief People Officer. Aon has not yet named a successor but is actively searching for a new Chief Accounting Officer. Meanwhile, Aon’s earnings results have prompted several investment firms to adjust their stock price targets. Keefe, Bruyette & Woods increased their target to $414, maintaining an "Outperform" rating, while Morgan Stanley raised theirs to $385, keeping an "Equalweight" rating. RBC Capital Markets lifted their target to $400, citing steady organic growth, and BMO Capital reduced their target to $373, noting missed free cash flow estimates. Analysts from these firms have expressed varying degrees of confidence in Aon’s future growth prospects, with some highlighting the company’s strategic investments and efficiency improvements as positive factors. These developments reflect Aon’s ongoing efforts to adapt its leadership and financial strategies in a dynamic market environment.

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